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005881,
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable Jaw
<br />requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with Elie future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender-
<br />Upon payment in full of all sums secured by this Security instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the We of the Property or its acquisition by Lender, any Funds held by Leader at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs I and Z shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided to paragraph' or of not paid in that manner. Borrower shall
<br />pay them on time direciN to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Secunn Instrument unless Borrower. fa)
<br />agrees m writing to the payment of the obligation secured by the lien in a manner acceptable to Lender: (bi contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate to
<br />prevent the entorcement of the lien or forfeiture of any part of the Property, or ic) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument If Lender determines that any pan of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the hen. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />3. Hazard Insurance. Borrower shall keep the improvements !to% existing or hereafter erected on the Property
<br />Insured against loss by fire, hazards included within the term "extended coverage" and any :thee hazards for which Lender
<br />requires insurance. This insurance shall he maintained in rho �rnounrs and Tor "it! —, ilia: L.encier requires. The
<br />insurance carrier providing the insurance shall he ;hosen by Ha?'ttiwrr, ^. ect :i, Lender'- arnprpNal which shall not be
<br />unreasonably withheld
<br />All insurance policies and renewals shall be acceptable to Lender and ,frail :n hjuC - tandard mortgage clause -
<br />Lender ;hall have the right to hold the policies and renewals If t -ender rcuuire�. 131sT r cyr tSy live to Lender
<br />all receipts of paid premiums and renewal notices. In the r% t-11 cf !a,S. I3orrr,wer .,tall _ rn, r nett r r. 1 the insurance
<br />carrier and Lender Lender may make proof of loss if not made prnmp!iy tm Borr.i.A ur `
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds ,hail he applied in restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasihle ae:d Leader !s nrnr lessened. if the
<br />restoration or repair is not economically feasible or Lender's security Wowa he iessened. ',tw msurance p.rnceeds shall be
<br />applied to the sums secured by this Secunty Instrument, whether or not ;hen due. with any ,N rss paid ro Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender E i : :; the insurance earner has
<br />offered to settle a claim, then Lender may collect the insurance proceeds Lender may use !h:• pressed,, to repair or restore
<br />the Property or to pay sums secures by this Security Instrument, whether ,r not then ur The d s period will bean
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application - f prricerds rc+ principai shall not extend or
<br />postpone the due date of the monihiy payments referred is in paragraphs i and : or ;harioc the amount of the papmenis. If
<br />under paragraph la the Property is acquired by Lender. Borrower's right to any irsuran :e policies and pr <,creds resul-mr
<br />from damage to the Property prior to the acquisition shall ;lass to bender to the extol! r,f the sum, secured ',y this Securin
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and !Maintenance of Property; Leaseholds. Borrower shall not deserm , damage or substantiail-.
<br />change the Property, allow the Property to deteriorate or ;commit waste. If this Security Insttvmerii is on a ;easehoid.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property. the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />;. Protection of Lender's Rights in the Property: Mortgage insurance. if Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legai pnxeeding trial may .igniticanfiy affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy• probate, for condemnasion or to enforce laws i,r
<br />regulations). then Lender may do and pay for whatever is necemar: to protect The value of the Property and Lender', rich!,
<br />in the Property. Lender's actions may include paying am sums secured b% a i!en which has pru illy •_•Sir this Srcurn
<br />Instrument. appearing in court, paying reasonable attorneys' fees and entering ,m ;he Proper!y make repairs Although
<br />Lender may take action under this paragraph -, Lender does not have to dr) u•,
<br />Any amounts disbursed h% Lender under this paragraph " shall hecome .:d,liurra .lcgi . t Sr•rn suer ertirrd h: iris
<br />Security instrument U'nicss B:)rrnwer and Lender agree to other terms of pavmcrit. !hcsc am,±unn,f ail heir interest from
<br />the date of disbursement at the Note rate and shall he payable, with :nrerest. upon nonrr from Lender to iior %%r—,
<br />requesting payment.
<br />If Lender required mortgage insurance as a condition of making the loan Secured he this Securnc Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such trine es the requirement for the
<br />insurance terminsies in accordance with Borrower's and Lenders written agreement or applicable lau
<br />L S. I*apectioru. Lender or its agent may make reasonable entries upon and mspectioris of the Pr,•perty I ender
<br />%hall give Borrower notice at the time of sir prior io an inspection specifying reasonable cause tc,i the mspecti� ,n
<br />9. Condemnation. Tlie proceeds of any award or : aim foi damages, direct or t:mseyuenral. m c<rrmrcrx,ri wiui
<br />any condemnation of other taking of any part of the Property, r,r for conveyance in hru of rndcrnnanrn, air iierrh,
<br />assigned and shall be paid to Lender
<br />In the event ;if a total taking of the Properiy. the proceeds shrill ow applied io r .'um r : +„ 'its tie. uri!•.
<br />rnetrumerit, whether ,.r .,or :hen due, with any excess paid !,.i 13,,r—we, !a , a ;•.aI Ii.,tl1! t hr )', :f :ri..
<br />ureic+% Itoirowcr and 1_ ender �,ihcruisr agree ;n writing, !he. i rr., ._k".red IN sir �•.,,. ,,i ` ,r Pip „r cd ” .
<br />the arricuni , f 'he trnccri's niu ;ttt,lirrf .,y The 1<,114"wirn 'hc ",Ial wl
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